Joint Venture / Consortium Agreement to Supply Products

3 Parties - Full Indemnity

No. of Prokens Required: 3 |

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Description:

An unincorporated joint venture / consortium agreement with a JV leader and participants to contribute to the manufacturing of products in a particular jurisdiction. The association is for products required for a specific local project, rather than for a more permanent type of arrangement. This agreement is drafted for 3 parties and is drafted with full indemnity between participants.

The JV Leader intends to [INTENTION]. [PARTICIPANTS] (along with the JV Leader, each a "Participant", together the "Participants") have agreed to form a joint venture (a) to strengthen economic and technological co-operation to (a) produce and sell [PRODUCTS], related products and such other products as are decided by the Participants from time to time, and (b) studying and developing other new products (the products referred to in clauses (a) and (b) above are hereinafter collectively referred to as the "Products").

Each Participant shall assign a sufficient number of its employees to the Project so that the provisions of this Agreement are complied with and the Production are carried out in accordance with the Production Agreement. Unless the Participants agree otherwise, the Joint Venture shall have no employees of its own.

Each Participant shall be responsible for all actions of its staff and shall continue to be responsible in all ways for its own obligations as employer of its employees.

Notwithstanding the foregoing provisions of this Clause, each Participant may allow any person, firm or corporation over which it exercises management control to fulfil any of the obligations for which it is responsible under this Agreement provided that, in such circumstances, the control of and responsibility for those obligations shall at all times remain vested in the Participant.

Each Participant shall be entitled to invite, to the agreement of the Participants, sub-consultants to carry out any of that Participant's obligations, provided that in such circumstances the control of and responsibility for undertaking those obligations shall at all times remain vested in the Participant in question.

The engagement of sub-consultants by the Joint Venture shall be subject to the provisions of clause 7.

Document Type:

Agreements / contracts

Category:

Business > Setup of Business / Entity > Joint Venture Agreement

 
Keywords:

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